EU trade with Russia falls by more than 75 percent but sanctions weakened by inconsistent enforcement, auditors warn
Published . Updated .
Key takeaways
- Trade between the European Union and Russia fell by more than 75 percent between 2022 and 2025, but inconsistent enforcement and unclear rules are limiting the effectiveness of EU sanctions, according to a new report from the European Court of Auditors.
- Exposed: USO, XLE, UNG, BWET, VGK
- Market reaction: USO +2.4% on the day (still updating); XLE +1.6% on the day (still updating); BWET +4.9% on the day (still updating)
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Trade between the European Union and Russia fell by more than 75 percent between 2022 and 2025, but inconsistent enforcement and unclear rules are limiting the effectiveness of EU sanctions, according to a new report from the European Court of Auditors. The report found that
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “russia” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “russia” (oil) in this story.
- UNG United States Natural Gas Fund-13.5% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “russia” (natural gas) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “russia” (tanker shipping) in this story.
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“eu”).
- SHEL Shell+1.1% 9d
Shell (crude petroleum and natural gas, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “russia” (oil) in this story.
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “russia” (oil) in this story.
- BP BP p.l.c+7.6% 8d
BP p.l.c (petroleum refining, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “russia” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +2.78% | +4.95% | base | +2.37% | after close | after close | after close |
| XLE | +2.11% | -0.95% | base | +1.57% | after close | after close | after close |
| UNG | -10.81% | -10.24% | base | +1.15% | after close | after close | after close |
| BWET | +35.67% | +29.19% | base | +4.90% | after close | after close | after close |
| VGK | +0.65% | -2.62% | base | -0.77% | after close | after close | after close |
| SHEL | +4.68% | +1.86% | base | +0.63% | after close | after close | after close |
| XOM | +3.07% | +0.89% | base | +1.25% | after close | after close | after close |
| BP | +2.31% | -0.11% | base | +1.49% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
EU trade with Russia falls by more than 75 percent but sanctions weakened by inconsistent enforcement, auditors warn The Copenhagen Post
Source: The Copenhagen Post
Price since this story was published: United States Oil Fund (USO)
| Company | When | Move | Status |
|---|---|---|---|
| Bp (BP) | that day | +1.49% | still updating |
| Bp (BP) | three days earlier | -0.11% | final price |
| Bp (BP) | five days earlier | +2.31% | final price |
| Amplify Commodity Trust (BWET) | that day | +4.90% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | +29.19% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +35.67% | final price |
| Shell (SHEL) | that day | +0.63% | still updating |
| Shell (SHEL) | three days earlier | +1.86% | final price |
| Shell (SHEL) | five days earlier | +4.68% | final price |
| United States Natural Gas Fund (UNG) | that day | +1.15% | still updating |
| United States Natural Gas Fund (UNG) | three days earlier | -10.24% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | -10.81% | final price |
| United States Oil Fund (USO) | that day | +2.37% | still updating |
| United States Oil Fund (USO) | three days earlier | +4.95% | final price |
| United States Oil Fund (USO) | five days earlier | +2.78% | final price |
| Vanguard Intl Equity Index F (VGK) | that day | -0.77% | still updating |
| Vanguard Intl Equity Index F (VGK) | three days earlier | -2.62% | final price |
| Vanguard Intl Equity Index F (VGK) | five days earlier | +0.65% | final price |
| Select Sector Spdr Tr (XLE) | that day | +1.57% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -0.95% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +2.11% | final price |
| ExxonMobil Holdings (XOM) | that day | +1.25% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +0.89% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +3.07% | final price |
Congressional stock trades in United States Oil Fund (USO)
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 72 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around United States Oil Fund (USO)
Companies tied to this story
- USO United States Oil Fund
For “EU trade with Russia falls by more than 75 percent but sanctions weakened by inconsistent enforcement, auditors warn,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “russia” (oil) in this story
- XLE Select Sector Spdr Tr
In “EU trade with Russia falls by more than 75 percent but sanctions weakened by inconsistent enforcement, auditors warn,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “russia” (oil) in this story
- UNG United States Natural Gas Fund
United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “EU trade with Russia falls by more than 75 percent but sanctions weakened by inconsistent enforcement, auditors warn.” Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “russia” (natural gas) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “EU trade with Russia falls by more than 75 percent but sanctions weakened by inconsistent enforcement, auditors warn.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “russia” (tanker shipping) in this story
- VGK Vanguard Intl Equity Index F
In “EU trade with Russia falls by more than 75 percent but sanctions weakened by inconsistent enforcement, auditors warn,” Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence. Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“eu”)
- SHEL Shell
For “EU trade with Russia falls by more than 75 percent but sanctions weakened by inconsistent enforcement, auditors warn,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “russia” (oil) in this story
- XOM ExxonMobil Holdings
For “EU trade with Russia falls by more than 75 percent but sanctions weakened by inconsistent enforcement, auditors warn,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “russia” (oil) in this story
- BP Bp
In “EU trade with Russia falls by more than 75 percent but sanctions weakened by inconsistent enforcement, auditors warn,” Bp (BP) is linked, with no stored direction, medium confidence. Reason on file: BP p.l.c (petroleum refining, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “russia” (oil) in this story
United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “EU trade with Russia falls by more than 75 percent but sanctions weakened by inconsistent enforcement, auditors warn,” the 11 Nov 2026 this story story.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “russia” (oil) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “russia” (oil) in this story
Dates and price levels for United States Oil Fund (USO)
UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.34. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
How strong the case is around United States Oil Fund (USO)
46 out of 100Price not final
“EU trade with Russia falls by more than 75 percent but sanctions weakened by inconsistent enforcement, auditors warn” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.